Investment recommendations

IBM
lua

Go to company page IBM

lua
Aug 14, 2021 20 Comments

Context:
I'm just starting out as an SWE with a TC of 150K bay area. I have paid off almost 80% of my total student loan of 30K. I'll pay off the rest in 2-3 months down the line. I'm single and have no other debt except 1-1.5K monthly credit card rolling debts that I clear every month.

I'm now looking at investment options. I've researched as much as I could from the free resources available online.
401K, Roth IRA, Mutual funds, stocks, etc is what I'm looking at rn.

Ask: I'd like to know from someone who's invested for atleast 5-6 years now and have some considerable amount invested - what's a good plan for someone in their late 20s to start?
Any online resources/YouTube channel (like Dave Ramsey) that you found useful.
Any paid service that could help learn/guide in investment that proved great for you.

Basically anything that has worked for you and isn't just a theory - shoot that.

PS: As soon as something gets posted on blind, there are many who contaminate the post with unhelpful judgemental comments on the grammar, how "it's schoOl and not schOol" kinda stuff, please don't on this one.

#investments #swe #mutualfund #20s #personalfinance

comments

Want to comment? LOG IN or SIGN UP
TOP 20 Comments
  • Dell / Eng
    hrdwre !=πŸ’€

    Go to company page Dell Eng

    hrdwre !=πŸ’€
    Just buy low management fee ETFs or index funds like VTI and QQQ for liquid brokerage accounts. Maximize all Roth IRA options you have. If you want to play around with short term investment options you’ll want to do those in tax sheltered accounts later in life, so starting a good Roth basis will help that. Keep risky investing down in the 10% range.
    Aug 14, 2021 11
    • Dell / Eng
      hrdwre !=πŸ’€

      Go to company page Dell Eng

      hrdwre !=πŸ’€
      Am I beating the market over the last three years across all portfolios? no. I have some down months and I have some up months. Here’s one of my day trading Ira rollover account that is most risky. Really nailed timing leaps on crypto, clov, amd, and fb.
      Aug 16, 2021
    • Dell / Eng
      hrdwre !=πŸ’€

      Go to company page Dell Eng

      hrdwre !=πŸ’€
      Aug 16, 2021
  • Use leverage in stocks & real estate
    Aug 15, 2021 6
    • Doesn't really matter much. I buy atm.

      Importantly I would never buy stocks directly, or puts or calls with duration shorter than a year.

      If Fed raises interest rates, the bubble might crash but it's unlikely.
      Aug 15, 2021
    • Google
      pets.com

      Go to company page Google

      pets.com
      Why would you never buy stocks directly? You go 100% in on LEAPS or keep cash to average down?
      Aug 15, 2021
  • New
    MOjt60

    New

    MOjt60
    I am not a financial advisor or anything, but willing to share my investment strategy for the good of the group or to get critiqued by someone who is more knowledgeable.

    I max my Roth IRA and will start maxing the 401k when I can afford it. Right now 15% of gross goes into retirement.

    After that, 18% of gross goes into long term savings, with a plan to buy rental real eatate in CA. I have that in the a mutual fund (TRBCX)

    Only debts I carry are student loans and mortgage. They are substantial, but work for tax writeoffs and my earnings have been consistently higher than interest.

    TC: 120k
    Aug 15, 2021 0